In brief: Inflation expected to hit 6 per cent, UNDP claims ‘timely’ expenditure reporting and POMSoX trading down 43 per cent
In brief: Inflation expected to be 6 per cent, UNDP claims ‘timely’ expenditure reporting and POMSoX trading down 43 per cent
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22 Jun 2016 by Leave a Comment
Results of Papua New Guinea’s major companies show some struggling more than others
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15 Mar 2016 by 2 Comments
Recently released results of some of Papua New Guinea’s major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG’s finance sector proved resilient.
Papua New Guinea’s Kina Securities debut share price ‘exceeded expectations’
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5 Aug 2015 by 1 Comment
The 30 per cent jump in the value of Kina Securities when it listed jointly on the Australian Securities Exchange and the Port Moresby Stock Exchange last Thursday ‘exceeded our expectations’, Chief Executive Officer Syd Yates tells Business Advantage PNG.
Kina Securities prospectus released with aim of raising K202 million
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24 Jun 2015 by 19 Comments
Ordinary Papua New Guineans will be able to apply to purchase at least some of 97 million shares in PNG-based financial services company Kina Securities. The company has just launched its prospectus, ahead of an expected listing on both the Port Moresby and Australian stock exchanges on 30 July.
Papua New Guinea government seeks to encourage more investment by opening stock exchange to more competition
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10 Jun 2015 by 1 Comment
Prime Minister Peter O’Neill says a planned ‘shake up’ of the Port Moresby Stock Exchange (POMSoX) will lead to more innovation and increased domestic and international investment.
People moves: Crater Gold, POMSoX, Puma
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8 Apr 2015 by
New MD at Crater Gold, Acting General Manager at Port Moresby Stock Exchange, new senior appointments at Puma
Stronger kina will affect exporters, say business leaders
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12 Jun 2014 by Leave a Comment
The Bank of Papua New Guinea’s move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers.
Newly-listed Indochine Mining revives Mount Kare gold mine
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11 Sep 2013 by Leave a Comment
After a troubled history, the gold mine at Mount Kare in Enga Province was now back on track, Stephen Promnitz, Chief Executive Officer of Indochine Mining, told delegates at the Papua New Guinea Advantage 2103 investment summit this week.
PNG stock prices fall, but domestics add confidence
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12 Mar 2014 by 1 Comment
2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.
Kina Assets Management Limited returns up: Namaliu
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14 May 2013 by
Kina Assets Management Limited (KAML), Papua New Guinea’s first and only listed investment company, has announced a return of 7.2% for the first quarter of 2013.
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